Monday, February 6, 2023

CADJPY Potential for bullish rise towards overlap resistance

TitleCADJPY Potential for bullish rise towards overlap resistanceTypeBullish BouncePreference:Looking at the H4 chart, my overall bias for CADJPY is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.Looking for price to retest the pivot which is the overlap support for buys. Price could then head towards the overlap resistance.It's worth noting that the support level is here.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/cadjpy-potential-for-bullish-rise-towards-overlap-resistance"
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